Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Special Revenue Funds
EXPENDITURES Current:
General government 1,206,901 1,208,121 1,014,414 193,707 1,090,372
Total expenditures 1,206,901 1,208,121 1,014,414 193,707 1,090,372
Excess (deficiency) of revenues
over expenditures (90,000) (91,220) 359,953 451,173 64,554 OTHER FINANCING
SOURCES (USES)
Sale of City property - - - - 16,480 Transfers out - (3,437) (3,436) 1 (14,810)
Total other financing sources
(uses) - (3,437) (3,436) 1 1,670 Net change in fund balances $ (90,000) $ (94,657) 356,517 $ 451,174 66,224
Fund balances - beginning 736,433 670,209
Fund balances - ending $ 1,092,950 $ 736,433
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Public Transportation
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019
For the Year Ended December 31, 2020
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Property tax collections $ 1,314,952 $ 1,307,346 $ 1,269,843 $ (37,503) $ 1,289,514 Intergovernmental 48,000 57,161 63,493 6,332 49,686 Charges for services 22,073 22,073 37,466 15,393 7,577 Interest income 369 369 5,273 4,904 11,283 Miscellaneous 15,675 29,325 27,302 (2,023) 41,959 Total revenues 1,401,069 1,416,274 1,403,377 (12,897) 1,400,019 EXPENDITURES
Current:
Culture and recreation 1,723,019 1,868,170 1,742,406 125,764 1,481,536 Total expenditures 1,723,019 1,868,170 1,742,406 125,764 1,481,536
Excess (deficiency) of revenues
over expenditures (321,950) (451,896) (339,029) 112,867 (81,517) OTHER FINANCING
SOURCES (USES)
Transfers in 321,950 321,950 321,950 - -Transfers out - (4,598) (4,597) 1 (27,696)
Total other financing sources
(uses) 321,950 317,352 317,353 1 (27,696) Net change in fund balances $ - $ (134,544) (21,676) $ 112,868 (109,213)
Fund balances - beginning 334,989 444,202
Fund balances - ending $ 313,313 $ 334,989
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Library
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019 For the Year Ended December 31, 2020
101 (continued)
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Property tax collections $ - $ - $ - - $ 1,611,944 Charges for services - - - - 144,634 Interest income - - 3,423 3,423 28,806 Miscellaneous - - - - 24,841 Total revenues - - 3,423 3,423 1,810,225 EXPENDITURES
Current:
Culture and recreation - 37,564 - 37,564 1,793,875 Total expenditures - 37,564 - 37,564 1,793,875
Excess (deficiency) of revenues
over expenditures - (37,564) 3,423 40,987 16,350 OTHER FINANCING
SOURCES (USES)
Transfers out (925,949) (1,473,038) (1,473,036) 2 (28,594) Total other financing sources
(uses) (925,949) (1,473,038) (1,473,036) 2 (28,594) Net change in fund balances $ (925,949) $ (1,510,602) (1,469,613) $ 40,989 (12,244)
Fund balances - beginning 1,469,613 1,481,857
Fund balances - ending $ - $ 1,469,613
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Recreation/Auditorium
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019
For the Year Ended December 31, 2020
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Property tax collections $ - $ - $ 15,940 $ 15,940 $ 33,147 Intergovernmental - 226,160 226,160 - -Interest income - - 11,225 11,225 23,445 Total revenues - 226,160 253,325 27,165 56,592 EXPENDITURES
Current:
General government - - - - 6,256 Public safety - 300,260 289,800 10,460 -Total expenditures - 300,260 289,800 10,460 6,256
Excess (deficiency) of revenues
over expenditures - (74,100) (36,475) 37,625 50,336 OTHER FINANCING SOURCES
(USES)
Transfers out - (31,619) (31,619) - (23,445) Total other financing sources
(uses) - (31,619) (31,619) - (23,445) Net change in fund balances $ - $ (105,719) (68,094) $ 37,625 26,891
Fund balances - beginning 1,771,988 1,745,097
Fund balances - ending $ 1,703,894 $ 1,771,988
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Emergency Fund
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019 For the Year Ended December 31, 2020
103 (continued)
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 1,000,000 $ 1,000,000 $ 1,032,755 $ 32,755 $ 1,108,012 Interest income 786 786 1,659 873 3,259 Total revenues 1,000,786 1,000,786 1,034,414 33,628 1,111,271 OTHER FINANCING SOURCES
(USES)
Transfers out (1,116,233) (1,117,106) (1,117,105) 1 (1,055,836) Total other financing sources
(uses) (1,116,233) (1,117,106) (1,117,105) 1 (1,055,836) Net change in fund balances $ (115,447) $ (116,320) (82,691) $ 33,629 55,435
Fund balances - beginning 377,027 321,592
Fund balances - ending $ 294,336 $ 377,027
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Property Tax Relief 1st Penny
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019
For the Year Ended December 31, 2020
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 1,500,000 $ 1,500,000 $ 1,549,133 $ 49,133 $ 1,662,017 Interest income 31,504 31,504 58,470 26,966 114,688 Miscellaneous - - 21,344 21,344 2,520 Total revenues 1,531,504 1,531,504 1,628,947 97,443 1,779,225 EXPENDITURES
Current:
Economic development 576,364 1,471,533 679,973 791,560 646,685 Total expenditures 576,364 1,471,533 679,973 791,560 646,685
Excess (deficiency) of revenues
over expenditures 955,140 59,971 948,974 889,003 1,132,540 OTHER FINANCING SOURCES
(USES)
Transfers out (177,670) (1,132,307) (1,004,636) 127,671 (1,237,188) Total other financing sources
(uses) (177,670) (1,132,307) (1,004,636) 127,671 (1,237,188) Net change in fund balances $ 777,470 $ (1,072,336) (55,662) $ 1,016,674 (104,648)
Fund balances - beginning 10,177,039 10,281,687
Fund balances - ending $ 10,121,377 $ 10,177,039
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Economic Development
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019 For the Year Ended December 31, 2020
105 (continued)
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 2,500,000 $ 2,500,000 $ 2,581,889 $ 81,889 $ 2,770,029 Interest income 17,939 17,939 36,727 18,788 65,927 Total revenues 2,517,939 2,517,939 2,618,616 100,677 2,835,956 EXPENDITURES
Current:
Culture and recreation - 270,000 270,000 - -Total expenditures - 270,000 270,000 -
-Excess (deficiency) of revenues
over expenditures 2,517,939 2,247,939 2,348,616 100,677 2,835,956 OTHER FINANCING SOURCES
(USES)
Transfers in - - - - 7,211 Transfers out (2,517,939) (2,591,588) (2,292,158) 299,430 (2,049,932)
Total other financing sources
(uses) (2,517,939) (2,591,588) (2,292,158) 299,430 (2,042,721) Net change in fund balances $ - $ (343,649) 56,458 $ 400,107 793,235
Fund balances - beginning 5,618,585 4,825,350
Fund balances - ending $ 5,675,043 $ 5,618,585
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Improvements
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019
For the Year Ended December 31, 2020
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 5,000,000 $ 5,000,000 $ 5,163,777 $ 163,777 $ 382,217 Intergovernmental 26,360,000 26,409,000 111,778 (26,297,222) 337,886 Interest income 39,984 39,984 24,024 (15,960) 114,067 Miscellaneous - - - - 33,076 Total revenues 31,399,984 31,448,984 5,299,579 (26,149,405) 867,246 EXPENDITURES
Current:
Public safety 39,800,000 42,123,840 4,331,535 37,792,305 5,469,519
Total expenditures 39,800,000 42,123,840 4,331,535 37,792,305 5,469,519 Excess (deficiency) of revenues
over expenditures (8,400,016) (10,674,856) 968,044 11,642,900 (4,602,273) OTHER FINANCING SOURCES
(USES)
Bonds issued 3,959,158 3,959,158 1,391,228 (2,567,930) -Premiums on bonds sold - - 12,089 12,089 -Transfers in 1,800,000 1,800,000 1,800,000 - 2,916,649 Transfers out (1,593,580) (2,182,450) (2,166,490) 15,960 (3,951,229)
Total other financing sources
(uses) 4,165,578 3,576,708 1,036,827 (2,539,881) (1,034,580)
Net change in fund balances $ (4,234,438) $ (7,098,148) 2,004,871 $ 9,103,019 (5,636,853)
Fund balances - beginning 2,034,198 7,671,051
Fund balances - ending $ 4,039,069 $ 2,034,198
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Flood Control
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019 For the Year Ended December 31, 2020
107 (continued)
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 1,800,000 $ 1,800,000 $ 1,858,960 $ 58,960 $ 1,994,421 Interest income 3,140 3,140 4,008 868 9,857 Total revenues 1,803,140 1,803,140 1,862,968 59,828 2,004,278 OTHER FINANCING SOURCES
(USES)
Transfers out (2,112,272) (2,113,139) (2,113,139) - (1,930,372) Total other financing sources
(uses) (2,112,272) (2,113,139) (2,113,139) - (1,930,372)
Net change in fund balances $ (309,132) $ (309,999) (250,171) $ 59,828 73,906
Fund balances - beginning 964,261 890,355
Fund balances - ending $ 714,090 $ 964,261
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Property Tax Relief 2nd Penny
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019
For the Year Ended December 31, 2020
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 2,400,000 $ 2,400,000 $ 2,478,613 $ 78,613 $ 2,659,228 Interest income 69,376 69,376 70,600 1,224 140,843 Total revenues 2,469,376 2,469,376 2,549,213 79,837 2,800,071 OTHER FINANCING SOURCES
(USES)
Transfers out (1,550,000) (2,219,760) (1,987,017) 232,743 (2,781,710) Total other financing sources
(uses) (1,550,000) (2,219,760) (1,987,017) 232,743 (2,781,710)
Net change in fund balances $ 919,376 $ 249,616 562,196 $ 312,580 18,361
Fund balances - beginning 7,823,361 7,805,000
Fund balances - ending $ 8,385,557 $ 7,823,361
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Infrastructure
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019 For the Year Ended December 31, 2020
109 (continued)
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Sales tax collections $ 1,800,000 $ 1,800,000 $ 1,858,960 $ 58,960 $ 1,994,421 Intergovernmental - 6,293,820 - (6,293,820) -Interest income - - 13,394 13,394 44,678 Total revenues 1,800,000 8,093,820 1,872,354 (6,221,466) 2,039,099 EXPENDITURES
Current:
Culture and recreation - 928,858 - 928,858 2,656,726 Total expenditures - 928,858 - 928,858 2,656,726
Excess (deficiency) of revenues
over expenditures 1,800,000 7,164,962 1,872,354 (5,292,608) (617,627) OTHER FINANCING SOURCES
(USES)
Transfers in - - - - 218 Transfers out (1,800,000) (1,813,393) (1,813,393) - (1,849,757)
Total other financing sources
(uses) (1,800,000) (1,813,393) (1,813,393) - (1,849,539) Net change in fund balances $ - $ 5,351,569 58,961 $ (5,292,608) (2,467,166)
Fund balances - beginning 2,051,923 4,519,089
Fund balances - ending $ 2,110,884 $ 2,051,923
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Sales Tax Community Facilities/Flood
City of Minot, North Dakota
Budgeted Amounts
With Comparative Totals for December 31, 2019
For the Year Ended December 31, 2020
2020 Variance with 2019
Original Final Actual Final Budget Actual
REVENUES
Intergovernmental $ - $ - $ 190,057 $ 190,057 $ 219,106 Interest income - - 43 43 54 Total revenues - - 190,100 190,100 219,160 EXPENDITURES
Current:
General government - 1,165,418 190,100 975,318 311,800 Total expenditures - 1,165,418 190,100 975,318 311,800
Excess (deficiency) of revenues
over expenditures - (1,165,418) - 1,165,418 (92,640) OTHER FINANCING SOURCES
(USES)
Transfers in - - - - 92,640 Total other financing sources
(uses) - - - - 92,640 Net change in fund balances $ - $ (1,165,418) - $ 1,165,418
-Fund balances - beginning -
-Fund balances - ending $ - $